Feb 20 2019

Gold – nearing long term resistance

The research article published by Myforexeye on Feb 1, 2019 suggested a rise in the gold prices to $1345 – $ 1350. The yellow metal made a fresh 10-month high of $1346.73 today – target met. A lot of factors have contributed to this gradual rise – diminishing hopes of future US Fed rate hikes,

Jan 28 2019

USDINR Ideas – Time to evaluate vanilla options

After witnessing increasing volatility in the last 5 months (from mid August 2018 to be precise), we see a period of relative tranquillity in the Indian Rupee for the past two weeks. Good news and bad news too. A period of serenity in the USDINR prices is good because it enables us to review our

Jan 19 2019

BREXIT – To be or not to be – 19Jan2019

British Prime Minister Theresa May’s inability to pass her BREXIT withdrawal agreement in Parliament has opened a Pandora’s Box. The scale of defeat (202 – 432), in which her own party members voted against her, has completely surprised the markets and created a pandemonium. Various alternatives are doing the rounds – second BREXIT referendum, No-BREXIT,

Jan 09 2019

Gold – short term bearish but long term bullish

The yellow metal’s rally – which started in mid August 2018 (from 1159) – hit a roadblock as trading dawned in the New Year (just ahead of the 1300 mark). Gold has thrived as a safe haven asset during the recent times of uncertainty, due to the ever persisting US-China trade war and the sudden

Dec 17 2018

USD Index – weaker in 2019?

2018 was the year of the US dollar. Even though, the year started with a dollar’s collapse of 4% in the first month – it was dollar gains consistently throughout the remaining part of the year. The European majors (Euro and Pound) plunged 10%-12% while the Japanese Yen declined 7%. Continuous interest rate hikes by

Dec 03 2018

USDINR ideas – Rupee hitting a road block

Rupee’s gain continued relentlessly in November before hitting a road block on the first trading session of December. A slowdown in Indian Q2 (Jul-Sep) GDP growth to 7.1% and a huge surge in crude prices were the primary drivers to rupee weakness today. Will rupee’s unidirectional recovery continue in December? The move from 74.48 (11